New Delhi, Oct. 20: Bajaj Auto, the country’s second-largest two-wheeler maker, today reported a mere 2.05 per cent rise in its standalone net profit for the quarter ended September 30 at Rs 740.67 crore because of a decline in sales.
The company had posted a net profit of Rs 725.80 crore in the same period last year.
Net income during the quarter, however, declined 4.11 per cent to Rs 4,972.40 crore from Rs 5,185.36 crore in the year-ago period.
Sales in the July-September period dipped 9.87 per cent to 10,49,208 units from 11,64,137 units a year ago.
However, overall spending during the quarter went down 3.56 per cent to Rs 4,098.23 crore from Rs 4,249.31 crore in the second quarter of 2011-12. The company could reduce its expenditure on raw materials by 4.39 per cent to Rs 3,446.23 from Rs 3,604.49 crore in the year-ago period.
Aditya Birla Group firm UltraTech Cement today said its net profit jumped to Rs 550 crore in the second quarter of this fiscal from Rs 279 crore in the same period last fiscal.
Net sales stood at Rs 4,700 crore compared with Rs 3,908 crore in the year-ago period.
Profit before interest, depreciation and tax zoomed to Rs 1,076 crore from Rs 684 crore last financial year.
Unichem Laboratories today said its net profit rose 83.22 per cent to Rs 35.07 crore for the quarter ended September 30 against Rs 19.14 crore mainly on account of robust sales.
Total income rose to Rs 264.24 crore from Rs 198.83 crore in the year-ago period.
Indian Bank today reported a 6 per cent increase in net profit at Rs 496.68 crore for the second quarter.
The bank had a net profit of Rs 468.69 crore during the same quarter previous fiscal.
Federal Bank today said its net profit grew 12.5 per cent to Rs 215.10 crore from the year-ago period. The bank’s net profit during the corresponding period (July-September) a year earlier stood at Rs 191.16 crore.